KUALA LUMPUR: The ringgit bounced to 4.6800 versus the greenback at the opening on Thursday, a level last seen two months ago, as lower-than-expected US inflation data boosted hopes for an earlier interest rate cut in the United States.
McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an ‘alternative to the current Internet’. — The New York Times
“This seemed like a great opportunity to actually create the alternative to the current internet, which has been colonised by large platforms and including TikTok,” McCourt said in an interview. He said the deal could help users “control their identity, own and control their data”. McCourt’s bid is still in its early stages. He did not list everyone with whom he has discussed the purchase or explain where he might source capital for the offer.
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